Tag: deflationary pressures in China.

China, the world’s largest stainless steel producer and consumer, experienced a slight increase in production in August at 3.36 million tonnes (mnt). This represents a 3% y-o-y rise from 3.25 mnt in August 2023, It was also the highest level reached since 2022, the time from which BigMint has been tracking this data. Meanwhile, China’s…